Tract 2: 83.19+/- Acres Hall County, NE

150.07+/- Acres Hall County Nebraska

Selling in 2 Tracts On Our

UNRESERVED ONLINE AUCTION

March 22, 2022

Bidding opens March 8, 2022, and concludes March 22, 2022,at 10:00 a.m. CDT

Tract2:  83.19+/- acres

Coming up for auction is a gravity irrigated farm with good, productive soils. There are 67.55 certified rights to irrigate acres on it, according to the Central Plat NRD. There is one well on the farm. There was extensive work done to the well in 2012 by Fairbanks Irrigation in Wood River, and a 15 HP electric motor was installed at that time. For more detail on the well, call Fairbanks Irrigation 308-583-2717 and talk to Mike Smith. Invoices of work done are available on our website. Access is excellent by a well-maintained gravel road and is close to local markets and an ethanol plant. Add this farm to your operation with the Power of BigIron Realty!

BIDDING PROCESS: You may place bids on these farms beginning March 8, 2022. Bidding concludes on March 22, 2022. This unreserved online auction features bidding extensions. The closing times will be automatically extended when anyone of the coupled tracts receives a bid in the last 5 minutes and will close simultaneously when none of the tracts receive a bid for 5 minutes.  This will allow bidders to monitor each tract without the fear of missing out on any other tract. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call800-887-8625 for assistance.

The bidding increments will be $50 per acre. The final sale price will be calculated on per-acre basis times the highest bid received on each tract.

Attend the Online Auction Information Meeting:

Ramada Midtown Conference Center

2503 S Locust

Grand Island, NE

BigIron Realty Agents will be at the Ramada Midtown Conference Center, in Grand Island, NE on Tuesday, March 22, 2022, from 8:00 a.m. until the conclusion of the online auction. BigIron Realty Representatives will be there to assist Buyers with registering to bid online. Please come during the times to discuss the farms or call the listing agent Rex Mahoney at 402-649-1816. You do not have to be present to bid online.

Land Location: From the south edge of Cairo, take the blacktop road (Hwy 11) south 4 ½ miles to 13 Street, go east on the gravel road ½ mile. The farm lies to the south of the road. Watch for the BigIron Realty signs.

Legal Description: The E ½ NW ¼ Section 18-T11N-R11W Hall County, NE, containing 83.19+/- acres.

2021Real Estate Taxes: $6,348.18

All gravity pipe, and fittings are the property of the tenant and are not part of this sale.

Seller: Robert E. & Mary T. Wortman, Living Revocable Trust

Title Services: Boone County Title& Escrow, Albion, NE.

For more information, contact the listing agent:

                                                 Rex Mahoney, 402-649-1816

Note:  Both tracts have been farmed as one by the same tenant for many years. The tenant owns the gravity pipe and fittings, and they do not go with the sale. The current tenant is open to continuing farming both tracts if needed.

Possession, Tracts1 & 2:  The Buyer shall have immediate possession of the real estate upon execution of the purchase agreement and tendering of the necessary down payment. If Buyer takes immediate possession, risk of all loss shall be on Buyer from the date that this purchase agreement is executed to the date of closing. Any inputs or improvements implemented between the date of execution and the date of closing shall remain the property of the Buyer.  Notwithstanding the foregoing, inputs or improvements implemented by the Buyer shall be forfeited by the Buyer to the seller if Buyer fails to timely consummate this transaction. Seller and Buyer further understand and agree that improvements located on the real estate may not be materially altered, and structures may not be removed, destroyed, or burned by the Buyer prior to the date of closing. Time is of the essence of this transaction.

Terms:  The successful Buyer will be required to enter into a written purchase agreement immediately after the sale.  Buyer must make a $60,000 non-refundable down payment payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before May 3, 2022.  Seller will provide marketable title to the Buyer evidenced by Title Insurance.  Boone County Title & Escrow, Albion, NE, will facilitate the closing.  Title insurance and closing costs will be split 50/50 between the Buyer and Seller on each tract.  The 2021 real estate taxes will be paid by the Seller and 2022 real estate taxes will be paid by the Buyer.  The property will not be sold subject to financing.  Please have all financial arrangements made prior to the auction. Buyer and Seller agree to cooperate on a 1031 exchange, if applicable. The written purchase agreement to be signed by the Seller and Buyer after the auction is the sole and controlling document of this sale and supersedes all terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the Seller.